TAG: "GCC region"

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GCC Power Grid Expansion Secures AED 752 Million Boost from Abu Dhabi

Abu Dhabi funds AED 752 million for GCC power grid expansion, boosting UAE-Saudi link capacity to 3,500 MW. The project enhances energy security, enables renewables, and supports GCC’s net-zero ambitions.

GCC Region | July 02, 2025 | By EI News Network 1261

Middle East’s Green Energy Drive Attracts Hong Kong Firms

Middle East nations’ USD 100 billion investment in renewables draws Hong Kong companies like Templewater and Forward Winsome, exploring hydrogen buses and solar tech partnerships in Qatar and Kuwait to boost regional sustainability.

GCC Region | May 08, 2025 | By EI News Network 1074

Middle East’s Sustainable Bond Issuance to Hit USD 23 Billion in 2025

S&P Global forecasts Middle East sustainable bond issuances to reach USD 18-23 billion in 2025, led by the UAE and Saudi Arabia. Despite a 2024 decline, rising demand for green finance and new bond types will drive future growth.

GCC Region | March 07, 2025 | By EI News Network 1466

GCC Reaffirms Commitment to RE and Carbon Neutrality Goals

GCC Secretary General Jasem Al-Budaiwi, speaking at Saudi Arabia's energy forum, emphasised Gulf nations' commitment to achieving renewable energy, carbon neutrality, and climate goals through innovation, clean energy investment, and international collaboration in addressing climate challenges.

GCC Region | October 28, 2024 | By EI News Network 1338

GCC Targets 80 GW Renewables by 2030

The GCC aims to generate 80 GW of renewable energy by 2030, tackling challenges with energy storage, grid stability, and AI, while boosting investment and regional energy security.

GCC Region | August 26, 2024 | By EI News Network 1609

Essar Group and Desert Technologies Ink MoU for Developing RE Solutions for Essar’s KSA Green Steel Project

Through this collaboration, DT and Essar will develop solutions for RE generation and storage for Essar’s Flat Steel Complex in the KSA which is the first green steel project in the GCC region and will also explore opportunities for other potential projects.

GCC Region | September 12, 2023 | By EI News Network 2126

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